Export Credits Guarantee Department

HC Deb 13 March 1968 vol 760 cc285-6W

39. Mr. John Hall

asked the President of the Board of Trade what instructions he has given to the Export Credits Guarantee Department about the need to extend the facilities it provides, so as to provide a direct stimulus for United Kingdom invisible earnings.

Mr. Crosland

The Department gives the best cover for invisible earnings that is consistent with its obligations to the House. The Advisory Council is, however, reviewing the facilities for external trade in the light of the recommendation of the Committee on Invisible Exports.

60. Mr. George Jeger

asked the President of the Board of Trade whether he will extend the scope of the Export Credits Guarantee Department, in view of the need to facilitate an increase in exports.

Mr. Crosland

I am not quite sure what my hon. Friend has in mind.

The scope of the Department's services is already very wide and in my view fully adequate to meet our needs. But I am, of course, always willing to consider possible improvements and modifications.